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<br />88-
<br />NEBRASKA DEED OF TRUST
<br />(With Power of Sale)
<br />
<br />104998
<br />
<br />Amount orFirst Instalment $ 367.00
<br />Total or Payments $ 35~3~ 00
<br />Number of Monthly Insbtlments ~
<br />
<br />Amount or Olherlnstalments $ 367.00
<br />First Instalment Due Dete October 19 lo8.a.
<br />FinellnBlnlment Due Date SeDtember 1 ~19Jlii
<br />
<br />THIS DEED OF TRUST, made this ~ doy of SeDtember , 19.J!!L.
<br />between Ri rhrlrrl F' Ovnr;ik T rI c;j ngl F! pF!rc;nn
<br />wh.... mailing address I. ~404 w~.t 16th Grand I.land Nebraska 68803
<br />as Trustors, .lnhn f.1 Inn i nghrlm .
<br />wh.... mailing address Is ~~~ N C~dar Grand Island. NE 68801
<br />as Trustee, and Norwest Financial Nebraska, Inc., whose mailing address is 2337 N. Webb Road
<br />p n Rn. 1373 Grand 1.1 and NE 68802 ,as Beneficiary,
<br />WITNESSETH, Tnlstors hereby irrevocably, grant, bargain, Bell, and convey to Trustee in trust, with power of sale, the following de-
<br />scribed proPerty in Ha 11 County, Nebraska:
<br />
<br />Lot Ten (10), Block Four (4) Schimmer's Addition to the City of Grand Island, Hall
<br />County, Nebraska.
<br />
<br />Together with tenements, hereditaments, and appurtenances thereunto belonging or in a~ywise appertaining and the rents, issues and
<br />profits thereof.
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<br />This conveyance is intended for the purpose of securing the payment to Beneficiary of Trustors' promissory note of even date in the
<br />amount stated above as '-rotal of Payments". Said ''Total of Payments" is repayable in the number of monthly instalment.& stated above.
<br />The amount of the instalment payments due on said loan is stated. above. The first Bnd final instalment due dates on said loan are stated
<br />above. Payment may be mode in advance in any amount at any time. Default in making any payment shall, at the Beneficiary's option
<br />and without notice or demand, render the entire unpaid balance of said loan at once due and payable, less any required rebate of charges.
<br />
<br />To protect the security of this Deed of Trust, Trustor covenants and agrees:
<br />
<br />1. To keep the property in good condition and repair; to pennit no waste thereof; to complete any building, structure or improvement
<br />being built or about to be built thereon; to restore promptly any building, structure or improvement thereon which moy be damaged or
<br />destroyed; and to comply with 011 laws, ordinances, rrgulations, covenanLs, conditions and restrictions nfTecting the property.
<br />
<br />2. To pay before delinquent all lawful taxes and assessments upon the property; to keep the property free and clear of all other charges,
<br />HeM or encumbrances impairing the security of this Deed of Trust.
<br />
<br />3, To keep all buildings now or herrafler erected. on the property described herein continuously insured against loss by fire or other
<br />hamrds in an amount not less than the total debt secured by this Deed of Trust. All policies shall be held by the Beneficiary, and be
<br />in such companies as the Beneficiary may approve and have loss payable first to the Beneficiary as ita interest may appear and then
<br />to the Trustor, The amount collected under any insurance policy may be applied upon any indebledneSll hereby secured in such order as
<br />the Beneficiary shall detennine. Such application by the Beneficial')' shall not cause discontinuance of any proceedinRs to foreclose this
<br />Deed of Trust or cure or waive any default or notice of default or inwalidaw any act done pursuant to such notice, In the event of foreclosure,
<br />all rights or the Trustor in insurance policies then in force shall pBSlll to the purchnser at the foreclo8ure sale.
<br />
<br />4. To obtain the written ronsent of Beneficiary before selling, conveying or otherwise transferring the property or any part thereof and
<br />any such sale, conveyance or transfer without thE' Beneficiary'lI written consent shall constitute 11 default under the terms hereof.
<br />
<br />5. To defend any action or proceeding purporting to nO'eel the security hereilf or the rights or powers or Beneficiary or Trustee.
<br />
<br />6. Should Tnlstor fail to pay when due any taxes, assessments, insurance premiums, liens, encumbrances or other chorges against the
<br />property hereinabove dellCribed, Beneficiary may pay the same, and the amount so paid, with interest ct the rate set forth in the note
<br />secured hereby, shall be added to and become a part of the debt secured in this Deed of Trust as permitted. by law.
<br />
<br />IT IS MUTUALLY AGREED THAT,
<br />
<br />1. In the >!vent any portion of the property is taken or damaged in an eminent domain proceeding, the entire amount of the award
<br />or 8uch portion thereof as may be necessary to fully satisfy the obligation EleCUred hereby, shall be paid to Beneficiary to be applied to
<br />said obligation.
<br />2. By accepting payment of Bny sum secured hereby after its due date. Beneficiary does not waive its right to require prompt payment
<br />whet. rlue of all other sums so secured or to declare default for failure to so pay.
<br />3. The -:'rust.ee shall reconvey all or any part of the property rovered by this D~ of Trust to the pel'tlOn entitled tht!relo, on written
<br />request of th" Tnultor and the Beneficiary. or upon satisfaction of the obligation serured nnd Wrlltt'n reqUl"Rt for rt'C'onveyance mlldt> by
<br />the Beneficiary 01 the penon entitled thereto,
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<br />9'91 G84 (NEI
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